Information for Shareholders

  Please, note that the term of request for redemption of shares by shareholders of the “BTA Bank” JSC was prolonged until February 27th 2015 included.

If You have any questions or in case of necessity of additional information or documents, please, feel free to contact  with Corporate Secretary Pitulova Olga: +7 (727) 266-72-54, +7 (727) 26-72-69; e-mail: sdugashev@bta.kz, opitulova@bta.kz, accordingly, or post@bta.kz. Holders of Global Depository Receipts of “BTA Bank” JSC will click the following link

The Notices shall be submitted to the head office of the Bank or to its branch offices by 18:00 Almaty time on 28 August 2014. Where the Notice is submitted in a sealed envelope it should be signed "Consent to sell the Shares". The Bank may refuse to accept the Notices that do not include all required information or are not delivered prior to stated closing date.

The shareholder should submit to the JSC Unified Securities Registrar (hereinafter, "the USR") or to its nominal holder the order to write-down the Shares and their entrance to the account of JSC Kazkommertsbank and/or account of Mr. K. Rakishev at the USR, and pay all fees within two days from submission of the Notice to the Bank. If the shareholder fails to submit the order within the stated period, the shareholder's application for buyback will be considered as withdrawn by the shareholder. The Order form is available at the web-site of the Bank at www.bta.kz. The shareholder should apply to the head office or to the branch offices of the Bank, if he (she) would like to receive the Order in a hard-copy. The Order form is also available at the web-site of the USR (www.tisr.kz).

Payment on bought back shares will be made within 30 calendar days from the date of the Notice provided that the bought back shares are accepted to the account of JSC Kazkommertsbank or Mr. K. Rakishev.

Each shareholder bears sole responsibility for timely receipt of consents, approvals, payment of fees, commissions and taxes and other actions required to sell the Shares, including submission to the USR the required documents and information for the transaction.

All payments by JSC Kazkommertsbank to holders who are non-residents of the Republic of Kazakhstan will be subject to a deduction of tax in accordance with the Tax Code of the Republic of Kazakhstan. More detailed information on taxation issues related to the Offer is available at the web-site of the Bank: www.bta.kz.

Holders of GDRs with the Bank's common shares being the basic asset have equal right to participate in this Offer together with other shareholders of the Bank. To participate the GDR holders should apply to The Bank of New York Mellon via email: drglobaltransactions@bnymellon.com.  Payment to the GDR holders shall be made via the Depository in US dollars at exchange rate of the National Bank of Kazakhstan at payment date.

The buyback procedure will be conducted in accordance with the legislation of the Republic of Kazakhstan.

For further information in relation to this Announcement, please contact the Corporate Secretary of the Bank Sakhil Dugashev or Olga Pitulova at the contact details below.

Enquiries: 

Form 12

Detailed information regarding the withholding tax in Kazakhstan

Buy Back Acceptance Notice on Common Shares of JSC BTA Bank - Individuals

Buy Back Acceptance Notice on Common Shares of JSC BTA Bank - legal entities

1. Basis of the redemption - upon request of the shareholder (if the request is submitted);

2. Term for presentation of the requirements - till January 26, 2015 inclusively (30 days from the date of the decision of EGMS on December 26, 2014);

3. The redemption price - according to the article 4 of the Rules (Redemption of the placed shares upon request of the shareholder), is determined as an average price between the price of the last placement (0.30 tenge per the share) and book value of the shares as of the date of the redemption. The bank established December 31, 2014 as a reporting date for determination of the book value of the shares. The price of the redemption will be determined by Bank and brought to the attention of the shareholders no later than February 1, 2015. The bank expects that the price of the redemption will be from 0.23 to 0.25 tenge per the share. If following the results of audit of the annual financial reports of the Bank, book value of the shares as of December 31, 2014 is higher, than the book value determined by Bank as of the date of share repurchase, Bank will pay a differenceto the shareholdersin addition and if book value is lower, conducted redemption remains without changes;

4. Submission of the requirements - in compliance with specified further procedure;

5. Calculation for shares - no later than 30 days from the moment of submission of the requirement, but not earlier than performance of the order on placement of the redeemed shares to the account of BTA in JSC Single Registrar of Securities (further the "SRS").

Order of submission of the requirements by shareholders of BTA about redemption of the shares belonging to them and/or global depositary receipts, which underlying asset are common shares issued (emitted) by BTA

The redemption is performed by Bank of shares based on the documents provided by Rules. Rules are placed on the website of the Bank to the address www.bta.kz the Shareholders, who are wishing to receive the paper copy of the Rules need to contact with head office of the Bank to the address: Almaty city, microdistrict "Samal-2", Zholdasbekov Str., 97 or to one following bank branches:

The shareholders having intention to give the requirement about the redemption of the shares belonging to them fill in the Application form according to the form provided by Appendix No. 1 to Rules.

www.bta.kz/files/u1/rules14_02_13eng.doc

Statements are adopted at head office of Bank and in the branches stated above before the termination of the working day on January "26", 2015. If the Application is submitted in a sealed envelope, on an envelope there shall be a mark: "The statement on a share repurchase". Adoption of the Statements which aren't containing necessary data, or provided with violation of fixed term it can be refused.

The shareholders of Bank who submitted the Application on the redemption of the shares belonging to them shall within [five] days from the date of [announcement] Bank of the share price, provide the signed Purchase and sale agreement of shares and other documents, stipulated in Item 7 Rules in Bank.

Payment of cost of the redeemed shares will be performed in a non-cash order within 30 calendar days from the date of receipt of the corresponding Statement on condition of provision of the documents provided by Rules and transfer of shares on a personal account of Bank.

Each shareholder independently is responsible for timely receipt of permissions, approvals and making of other actions necessary for sale of shares (including provision of SRS of required documents and data for write-off and transfer of shares), and also for payment of any commissions, charges and taxes.

Payment to the shareholders who are nonresidents of the Republic of Kazakhstan can be performed with tax withholding at a payment source according to requirements of the Tax code of the Republic of Kazakhstan. The additional information concerning tax withholding will be placed in addition with a source of payment on the website of Bank to the address www.bta.kz.

The holders of global depositary receipts which underlying asset are bank shares (further - "GDR", also have the right to submit the requirement about sale of the shares belonging to them. In order to implement such right, the holders of GDR need to address to the "Bank of New York Mellon" (The Bank of New York Mellon), being depositary of GDR (further - "Depositary"), for additional instructions by Email: drglobaltransactions@bnymellon.com. Payment to the holders of GDR who are non-residents of the Republic of Kazakhstan will be made in US dollars at the rate of National Bank of the Republic of Kazakhstan as of payment date.

Any of provisions of this announcement shan't be considered as the recommendation or consultation. Before the shareholder of Bank makes any decision or performs any action, it needs to address for consultation to the legal, tax or financial consultant.

This announcement and any documents constituted according to this announcement are regulated and treated according to the legislation of the Republic of Kazakhstan. All possible disputes or disagreements following from this announcement and (or) in connection with it are subject to consideration in court of the Republic of Kazakhstan.

In case of the questions connected with this announcement or in need of the receipt of the additional information or documents specified in the announcement, we ask to address to the Corporate Secretary Pitulova Olga by phones: +7 (727) 266-72-54, +7 (727) 26-72-69; to  Email sdugashev@bta.kz, opitulova@bta.kz, respectively, or post@bta.kz. On the questions connected with GDR, we ask to address to the Corporate Secretary Pitulova Olga by phones: +7 (727) 266-72-54, +7 (727) 266-72-69; to Email sdugashev@bta.kz, opitulova@bta.kz.